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Media Detail 1793

Some intimate details on the Google YouTube Deal

BlogOctober 31, 2006

Not sure how accurate this is, but this is at the very least a fascinating guess as to Some intimate details on the Google YouTube Deal. One interesting part about this is the theory that...

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Theory of Money and Fiduciary Media

BooksMarch 13, 2013
Edited by Jörg Guido Hülsmann, the essays here presented provide insights for understanding the economic crises of our own time.

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Media Re-Cap on the Swiss Gold Initiative

BlogDecember 4, 2014

A quick look at some coverage of the Swiss gold initiative.

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Media Blackout of Ron Paul

BlogMay 16, 2007

Before MSNBC deletes these reader comments, I'm posting them here (MSNBC doesn't have copyright over other's comments). The following is an exhaustive listing of all of the comments up to the point of this...

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The Economics of Prohibition

BooksJuly 20, 2005
It is conventional wisdom that alcohol prohibition failed, but the economic reasons for this failure have never been as extensively detailed or analyzed as they are in this study by Mark Thornton.

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The New Deal in Old Rome

BooksOctober 2, 2007
Haskell details the amazing catalog of government interventions in old Rome that eventually brought the empire down.

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Money, Bank Credit, and Economic Cycles

BooksMarch 15, 2006
The three years since the publication of the previous English edition of Money, Bank Credit, and Economic Cycles have seen a continuation of the economic recession process set in motion after the 2007 financial crisis. This process has consisted of the inevitable microeconomic readjustment and...

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The De Moneta of Nicholas Oresme and English Mint Documents

BooksFebruary 14, 2009
Nicole Oresme has been called the most brilliant scientist of the 14th century: mathematician, musicologist, physicist, philosopher, and economist. On top of that, he was a Bishop and a theologian. His writings of money bear much in common with Carl Menger. Oresme's treatise on money, De Moneta...

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An Essay on the Nature and Significance of Economic Science

BooksJuly 20, 2005
An Essay on the Nature and Significance of Economic Science by Lionel Robbins first appeared in 1932 as an outstanding English-language statement of the Misesian view of economic method, namely that economics is a social science and must advance its propositions by means of deductive reasoning and...

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Mises: An Annotated Bibliography

BooksMarch 29, 2009
An essential companion to all of Mises's works, this easy-to-use bibliography covers his life from Vienna to New York. It provides summaries of his works and detailed publication information--a real treasure trove. A special treat is the extensive coverage of what others from all political...

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While You Slept

BooksAugust 16, 2007
The amazing step-by-step, person-by-person story of how the American left wing took over our most influential media — radio, movies, magazines and books — and persuaded our leaders to support the Communist Plan to turn China and Korea over to the Soviets...

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The Monetary Powers and Disabilities of the U.S. Constitution

BooksSeptember 15, 2010
Inflation is contemporary America's most pressing economic, social, and political problem. Reliable sources are available to describe the history of inflation in this and other societies, to explain its cause of effects, and to indicate the policies necessary to eradicate it. Unfortunately, the...

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9. Continuing Markets and Changes in Price

Online Text Page from Man, Economy, and State, with Power and Market, Ch. 2. Direct Exchange

How, then, may we sum up the analysis of our hypothetical horse-and-fish market? We began with a stock of eight horses in existence (and a certain stock of fish as well), and a situation where the relative positions of horses and fish on different people's value scales were such as to establish conditions for the exchange of the two goods. Of the original possessors, the “most capable sellers” sold their stock of horses, while among the original nonpossessors, the “most capable buyers” purchased units of the stock with their fish.

7. Alleged Joys of the Society of Status

Online Text Page from Power and Market: Government and the Economy, Ch. 6. Antimarket Ethics: A Praxeological Critique

One common related criticism of the free market and free society (particularly among intellectuals who are conspicuously not craftsmen or peasants) is that, in contrast to the Happy Craftsmen and Happy Peasants of the Middle Ages, it has “alienated” man from his work and from his fellows and has robbed him of his “sense of belonging.” The status society of the Middle Ages is looked back upon as a Golden Age, when everyone was sure of his station in life, when craftsmen made the whole shoe instead of just contributing to part of its production, and when these

Mark Thornton

Mark Thornton's Recent Media Appearances

BlogFebruary 10, 2015

Mark Thornton has been making the rounds as usual, with a variety of new podcast and radio interviews across the country.

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2. The Burdens and Benefits of Taxation and Expenditures

Online Text Page from Power and Market: Government and the Economy, Ch. 4. Binary Intervention: Taxation

As Calhoun brilliantly pointed out (see chapter 2 above), there are two groups of individuals in society: the taxpayers and the tax consumers—those who are burdened by taxes and those who benefit. Who is burdened by taxation? The direct or immediate answer is: those who pay taxes. We shall postpone the questions of the shifting of tax burdens to a later section.

Orwellian Tax Rhetoric

BlogMay 29, 2015

Myths about taxation are just one reason we need good economic reasoning now more than ever.

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6. The Incidence and Effects of Taxation Part IV: The "Single Tax" on Ground Rent

Online Text Page from Power and Market: Government and the Economy, Ch. 4. Binary Intervention: Taxation

We have refuted elsewhere the various arguments that form part of the Henry Georgist edifice: the idea that “society” owns the land originally and that every new baby has a “right” to an aliquot part; the moral argument that an increase in the value of ground land is an “unearned increment” due to external causes; and the doctrine that “speculation” in sites wickedly withholds productive land from use.

2. Resource-Using Activities: Government Ownership versus Private Ownership

Online Text Page from Power and Market: Government and the Economy, Ch. 5. Binary Intervention: Government Expenditures

The bulk of government activities use resources, redirecting factors of production to government-chosen ends. These activities generally involve the real or supposed supply of services by government to some or all of the populace. Government functions here as an owner and enterpriser.